Wall Street Mojo

JANUARY 15, 2024

Article Link to be Hyperlinked For eg: Source: Accounting Information System (AIS) (wallstreetmojo.com) In simple words, it is a system to collect and store all information related to financial transactions and events so that they can be retrieved for decision making by the internal management, accounts, CFOs, auditors, etc.

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Razorpay

NOVEMBER 29, 2023

Payment security is a critical concern for businesses in 2023, as the digital landscape continues to evolve. It encompasses protective measures and protocols to safeguard sensitive payment information during online transactions. Thus, businesses must prioritise payment security to protect their funds and ensure customer loyalty.

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Razorpay

DECEMBER 20, 2023

Online payments play an essential role in today’s financial world. They define how individuals and businesses exchange money for products and services. From the ancient barter system to the modern digital era, payments have evolved significantly, offering a wide array of options to facilitate transactions.

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Razorpay

AUGUST 11, 2024

Payment networks are the backbone of modern commerce, facilitating the seamless exchange of value between businesses and consumers. Understanding these complex systems is crucial for businesses of all sizes, as they directly impact cash flow, revenue, and customer experience. What is a Payment Network?

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Razorpay

MARCH 27, 2024

While savings accounts have limits on how many transactions and deposits the account holder can make in a day, checking accounts do not have this limit – making them very useful to businesses, due to the volume of transactions that businesses engage in daily. Check out RazorpayX How to Choose a Checking Account?

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Razorpay

SEPTEMBER 17, 2023

While sending and receiving payments online has become a part of life in the digital age, businesses are actively looking for ways to simplify seamless payments by utilising a variety of digital payment solutions that boost customer satisfaction through seamless checkout. Yes, it facilitates payments. When to Use a Payment Gateway?

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Razorpay

SEPTEMBER 22, 2023

In a departure from conventional methods like NEFT or RTGS, UPI has streamlined instant payments, removing the constraints of time for both individuals and businesses. UPI works on a highly secure, layered architecture with multiple levels of encryption, ensuring the confidentiality and integrity of data during transactions.

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Razorpay

SEPTEMBER 22, 2024

Processing invoices on time is a critical factor in maintaining a smooth flow of raw materials and services for your business operations. STEP 2: Data extraction Using Intelligent OCR and machine learning, the software captures data from both paper-based invoices and electronic invoices (e-invoice). Frequently Asked Questions 1.

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Razorpay

AUGUST 20, 2024

Benefits of Automated Invoice Processing for Businesses 1. Cost-effectiveness and Better Cash Flow Management By automating tasks like matching, data entry, and approval workflows, invoice processing times are accelerated, enabling faster payments and better cash flow management for businesses. How Automated Invoice Processing Works?

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Focus Investment Banking

JANUARY 18, 2024

The role of a senior advisor at FOCUS Investing Banking is to provide strategic advice and guidance to clients on various financial transactions. What does the senior adviser bring to both FOCUS and the business owner? They are passionate about the business, and so we have that connection.

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Razorpay

NOVEMBER 19, 2024

NPCI Guidelines For Mandate Cancellation NPCI has established guidelines for organizations that process electronic NACH mandates. The cancellation process must be clearly visible and easily accessible to customers through electronic channels. The system welcomes all types of users from small businesses to government agencies and banks.

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Razorpay

SEPTEMBER 20, 2024

In the current dynamic retail landscape, choosing the right sales transaction system is crucial for the success of any business. We aim to provide a detailed analysis to assist your business in making well-informed decisions. Related Read: Types of POS System for your Business How do POS Systems Work?

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Razorpay

OCTOBER 6, 2024

When dealing with financial transactions, especially in business, it’s essential to understand the distinction between various types of invoices. They are crucial for tax compliance as they confirm the taxes collected and paid, ensuring the business follows tax laws. This can create financial instability for businesses.

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Wall Street Mojo

JANUARY 16, 2024

Preparing reconciliation statements is a significant task for any company as it helps them manage the business finances well. When there is a discrepancy in the statements, they get to know where the issue lies and treat them accordingly, thereby helping them know their exact financial position.

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The TRADE

APRIL 30, 2024

Traditionally, many securities transactions have settled on a T+2 basis, in which buyers receive ownership of a security and the seller receives payment two business days after the trade date. The regulation also introduced strong customer authentication (SCA) requirements to bolster security and limit fraud in electronic payments.

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Razorpay

APRIL 21, 2025

In today’s fast-paced digital world, businesses are constantly seeking efficient and secure payment methods to streamline their financial transactions. One such solution that has gained significant traction is the electronic cheque, also known as an e-cheque or eCheck. What Is an eCheck (Electronic Check)?

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Razorpay

FEBRUARY 27, 2025

In today’s fast-paced financial world, businesses and individuals have various options for transferring money electronically. In this article, we will delve into the key differences between ACH vs wire transfer, helping you choose the best option for your financial transactions.

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Funds Accountant Bank Banking 52

Razorpay

JANUARY 27, 2025

In the world of digital payments , ACH debit has emerged as a reliable and cost-effective method for businesses and individuals to send and receive funds electronically. ACH debit is a type of electronic payment that allows a business or individual to withdraw funds directly from a payer’s bank account.

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Razorpay

NOVEMBER 10, 2024

The payment settlement is a process in any financial transaction where the issuing bank transfers funds from the cardholder’s account to the acquiring bank through a payment gateway. This is the final step in any financial transaction after authorisation and approval. What is Payment Settlement?

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